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FuelCell Energy

135 hedge funds and large institutions have $156M invested in FuelCell Energy in 2025 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

78% more capital invested

Capital invested by funds: $87.8M → $156M (+$68.1M)

62% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $16.1M

15% more funds holding

Funds holding: 117135 (+18)

9.81% more ownership

Funds ownership: 34.84%44.66% (+9.8%)

Holders
135
Holders Change
+18
Holders Change %
+15.38%
% of All Funds
1.64%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
40
Increased
41
Reduced
18
Closed
22
Calls
$26.2M
Puts
$16.1M
Net Calls
+$10M
Net Calls Change
+$3.15M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
1
Legal & General Group
United Kingdom
$21.1M +$23.6M +2,893,183 New
Vanguard Group
2
Vanguard Group
Pennsylvania
$18.2M +$11.6M +1,422,043 +132%
Invesco
3
Invesco
Georgia
$11M +$5.29M +647,151 +75%
CP
4
CenterBook Partners
Connecticut
$9.35M +$10.5M +1,278,746 New
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$9.02M +$5.38M +658,224 +114%
Renaissance Technologies
6
Renaissance Technologies
New York
$8.92M +$1.23M +150,600 +14%
Two Sigma Investments
7
Two Sigma Investments
New York
$7.35M +$2.61M +319,245 +47%
Two Sigma Advisers
8
Two Sigma Advisers
New York
$7.17M +$3.42M +418,300 +74%
BlackRock
9
BlackRock
New York
$6.96M +$3.81M +465,770 +96%
TI
10
Trexquant Investment
Connecticut
$6.54M +$4.53M +553,660 +162%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$4.33M +$2.59M +317,301 +115%
Federated Hermes
12
Federated Hermes
Pennsylvania
$3.19M +$612K +74,878 +21%
Deutsche Bank
13
Deutsche Bank
Germany
$3.1M +$3.31M +405,223 +2,207%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.09M +$1.97M +241,456 +133%
Mirae Asset Global ETFs Holdings
15
Mirae Asset Global ETFs Holdings
Hong Kong
$2.98M +$173K +21,220 +6%
Millennium Management
16
Millennium Management
New York
$2.34M +$1.53M +186,878 +141%
Morgan Stanley
17
Morgan Stanley
New York
$2.3M +$285K +34,853 +12%
JP Morgan Chase
18
JP Morgan Chase
New York
$2.08M +$2.29M +280,615 +7,388%
State Street
19
State Street
Massachusetts
$1.81M +$1.2M +147,400 +147%
MFS
20
Mirabella Financial Services
United Kingdom
$1.71M +$1.91M +233,787 New
Balyasny Asset Management
21
Balyasny Asset Management
Illinois
$1.63M +$1.82M +222,618 New
Jane Street
22
Jane Street
New York
$1.55M -$410K -50,178 -19%
Citadel Advisors
23
Citadel Advisors
Florida
$1.49M +$1.29M +157,307 +337%
BNP Paribas Financial Markets
24
BNP Paribas Financial Markets
France
$1.47M -$848K -103,725 -34%
Goldman Sachs
25
Goldman Sachs
New York
$1.24M +$730K +89,322 +112%

FCEL Hedge Fund Activity: Q4 2025 in Review

135 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in FuelCell Energy (FCEL) for Q4 2025, worth a combined $156M — up 78% from $87.8M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new FCEL positions and 22 closed out — a net gain of 18 holders — while 41 added to existing stakes and 18 trimmed.

The largest buyer was Legal & General Group, opening a new position worth an estimated $23.6M. The largest seller was Marshall Wace, cutting an estimated $4.95M.

  • 135 institutional investors held FuelCell Energy (FCEL) as of Q4 2025, up from 117 in Q3 2025.
  • Funds reported $156M of FuelCell Energy stock for Q4 2025, up 78% quarter-over-quarter.
  • 40 funds opened new FuelCell Energy positions in Q4 2025 and 22 closed out, a net change of +18 holders.
  • The largest FuelCell Energy buyer in Q4 2025 was Legal & General Group, an estimated $23.6M added.
  • The largest FuelCell Energy seller in Q4 2025 was Marshall Wace, an estimated $4.95M sold.

Based on aggregated 13F filings for Q4 2025.